Kenneth J. Cleary - 07 Oct 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role
Chief Financial Officer
Signature
Kenneth J. Cleary, by Teresa M. Connelly, Attorney-in-fact
Issuer symbol
SCHL
Transactions as of
07 Oct 2021
Net transactions value
-$8,247
Form type
4
Filing time
08 Oct 2021, 17:31:05 UTC
Previous filing
29 Sep 2021
Next filing
14 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $68,393 +2,427 +9.8% $28.18 27,305 07 Oct 2021 Direct F1
transaction SCHL Common Stock Tax liability $76,640 -2,068 -7.6% $37.06 25,237 07 Oct 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCHL Employee Stock Options (right to buy) Options Exercise $0 -2,427 -100% $0.000000* 0 07 Oct 2021 Common Stock 2,427 $28.18 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were auto-exercised on the day of expiration and net shares were received for the gain on exercise.
F2 Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.